2016 was a year of “solid growth”, says Hikvision, after releasing its official 2016 financial results. Highlights of the report include revenue of $4.6 billion, a 26 per cent increase in net profits, as well as plans to establish an R&D Centre in Montreal and a Research Institute in Silicon Valley, Calif.

Total revenues for AlarmForce’s first three months of 2017 were $13.9 million vs. $14.2 million over the same period in 2016, the company has reported, which is also a decrease of 3 per cent (2 per cent in constant currency).

Legrand North America’s Red Cross disaster relief fundraiser has collected $112,540, which will provide assistance to the people and regions affected by natural disasters throughout the country, according to the company.

Resolver has finalized the acquisition of Wynyard’s Risk Management suite of products and says it has “re-engaged a significant portion of the original WRM team,” including Bob Adderley, Scott James, Clint Walker and Adam Belfield.

A private investment firm with an interest in Toronto’s UCIT Online Security has also made an investment in Stealth Monitoring Inc., a Dallas-based video surveillance business focused on designing, installing and providing remote video monitoring solutions to multi-family residential, commercial and industrial businesses in the United States.

After a strong first half of 2016, the growth rate and level of activity for Axis Communications in the third quarter was slightly weaker. The company reports a net sales increase of 5 per cent in the third quarter of 2016, and an even greater increase, 9 per cent, for the January to September period.

A Toronto-based provider of identity and authentication solutions has raised $27 million in growth capital to fund the commercial rollout of a privacy-enhancing digital identity network. Teaming up with SecureKey Technologies Inc. on this initiative and participating in the funding round are: BMO Bank of Montreal, Bank of Nova Scotia, CIBC, Desjardins, Royal Bank of Canada and TD.

A Chinese webcam manufacturer is recalling some of its products after they were identified as a contributor to the massive Internet attack last Friday that affected Reddit, Twitter and other popular sites.

Tyco has signed a definitive agreement to sell its security business in South Africa, which operates locally under the ADT brand, to Fidelity Security Group for approximately ZAR 1.9 billion (US$140 million).

Avigilon Corp. of Vancouver reported record revenue of US$85.7 million for the second quarter of 2016, an increase of 17 per cent over Q2 2015 revenue of US$73.0 million. The higher revenue reflects greater customer adoption in existing markets, further penetration of new target regions, sales of new products, and a pricing adjustment.

Market concentration in the video surveillance industry really took hold in 2013. While there have been many acquisitions in this sector, that’s not the only factor causing market share growth among the top 15 video surveillance equipment suppliers, says Niall Jenkins, consulting manager, building technologies, IHS Markit.